GlobalFoundries lands $300M CHIPS Act grant, a top-1% US energy award

What's the deal? Semiconductor manufacturer GlobalFoundriesDealroom has a profile for this one. Try Dealroom → expects to receive $300 million from the US government to support research for technology used in artificial intelligence infrastructure.

Why now? The grant comes as demand surges for chips that power AI infrastructure, positioning GlobalFoundries to fund research into that technology.

How big is it? The award ranks in the top 1% of all grant rounds tracked for US energy companies, sitting in the 99th percentile across a sample of 3,141 comparable deals.

The signal: Federal money continues to flow to domestic chipmakers through the CHIPS Act, and GlobalFoundries' award shows Washington is directing that funding toward the technology underpinning the AI buildout.

Read more: Reuters

Image credit: IBM Research